NY AG sues Trump for vast fraud - September 22, 2022

Executive Leadership Briefing

A federal appeals court granted a request from the U.S. Justice Department to allow its investigators to use roughly 100 documents with classified markings seized from former President Donald Trump’s Mar-a-Lago home in its ongoing criminal investigation and national security review. New York’s attorney general filed a lawsuit accusing Trump, his business and three of his children of lying to lenders and insurers by fraudulently overvaluing his assets by billions of dollars. As Trump weighs the possibility of reelection, a new poll indicates more than 6 in 10 Americans do not want him to run in 2024 in the wake of the criminal probes.

NASA completed a practice run of fueling its moon rocket ahead of a possible launch attempt next week despite facing challenges due to hydrogen leaks. The hydrogen leaks have pained the launch team for months, putting uncertainty on Tuesday’s liftoff. Despite great geopolitical tension caused by Russia’s invasion of Ukraine, the U.S. continued its space partnership with Russia Wednesday when a Russian capsule took an American astronaut to space.

Federal Reserve Chair Jerome Powell said the Fed would continue to fight toward slowing inflation after the U.S. central bank hiked interest rates for a third straight time and signaled that borrowing costs would continue to rise. Fed officials signaled they are willing to tolerate a recession to control inflation while Powell warned that the U.S. housing market would likely suffer a reversal in the wake of the hikes. U.S. mortgage interest rates reached 6.25% this week, their highest level since October 2008 as mortgage application volume increased for the first time in six weeks. Additionally, JPMorgan, Citigroup and Wells Fargo are raising their prime lending rates to the highest levels since the global financial crisis of 2008 following Wednesday's interest rate hike.

Florida asked the U.S. Supreme Court to reverse a decision against a state law aimed at stopping social media companies from restricting users' political speech. Currently, SB 7072 allows political candidates to sue social media companies if they are removed from the platform for upwards of 14 days, but Florida’s law seeks to stop tech companies from moderating content based on political views. States have increasingly tried their luck at passing content moderation laws, and the Supreme Court weighing in could unleash more efforts but social sites are pushing back. TikTok announced Wednesday that it will ban campaign fundraising on its platform and political accounts will require "mandatory verification."

A pair of new studies compared brisk walkers’ risk of disease and premature death with that of average or slow walkers and found that fast walking made a huge difference in a wide variety of health benefits. Walking 10,000 steps a day has been touted as the pinnacle of health by anyone with a fitness tracker, with the “Hot Girl Walk'' even becoming a trend on TikTok, but the research proves walking at a “brisk pace,” defined as upwards of 90 steps a minute, for 30 minutes a day greatly reduced risk of heart disease, cancer, dementia and death. Researchers determined that 9,800 steps a day offered the highest level of protection and was associated with a 50% reduced risk of developing dementia.

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